Voting Schemes in DAO Governance
Singapore University of Social Sciences, et al
Qinxu Ding
Singapore University of Social Sciences Weibiao Xu
Singapore University of Social Sciences Zhiguo Wang
Singapore University of Social Sciences David Kuo Chuen Lee
Singapore University of Social Sciences (SUSS); National Univeristy of Singapore; Shanghai University of Finance and Economics
Date Written: May 9, 2023
Abstract
This article aims to provide a comprehensive overview of the different voting schemes used in DAO governance. We will examine the various features of these schemes and compare their differences. We propose a new hypothetical voting mechanism specifically designed for decentralized and permissionless DAO governance. This new scheme, which incorporates incentive designs, is intended to be more efficient than existing schemes and can be easily adapted to a permissioned scenario. Through this examination and proposal, we hope to contribute to the ongoing discourse on how to govern decentralized autonomous organizations effectively.
Keywords: Voting process, DAO, Governance
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